Fair Isaac Corporation (NYSE:FICO) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,594 shares of the technology company's stock after selling 343 shares during the period. Mackenzie Financial Corp's holdings in Fair Isaac were worth $14,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in FICO. Pinnacle Holdings LLC acquired a new stake in shares of Fair Isaac during the 4th quarter valued at about $26,000. Colonial Trust Co SC raised its stake in shares of Fair Isaac by 71.4% during the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after buying an additional 10 shares during the period. Mechanics Financial Corp purchased a new position in shares of Fair Isaac during the 1st quarter valued at approximately $46,000. Hollencrest Capital Management grew its stake in Fair Isaac by 766.7% in the 1st quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock valued at $48,000 after acquiring an additional 23 shares during the period. Finally, Itau Unibanco Holding S.A. increased its holdings in Fair Isaac by 600.0% in the 4th quarter. Itau Unibanco Holding S.A. now owns 28 shares of the technology company's stock worth $56,000 after acquiring an additional 24 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Price Performance

FICO traded down $53.25 during trading hours on Friday, reaching $1,383.47. The company's stock had a trading volume of 798,467 shares, compared to its average volume of 395,901. The stock has a market cap of $33.67 billion, a PE ratio of 54.11, a P/E/G ratio of 2.32 and a beta of 1.28. Fair Isaac Corporation has a fifty-two week low of $1,350.00 and a fifty-two week high of $2,402.51. The business's 50-day moving average is $1,694.05 and its 200-day moving average is $1,816.71.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping analysts' consensus estimates of $7.75 by $0.82. The business had revenue of $536.42 million during the quarter, compared to analysts' expectations of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%. The company's revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the business posted $6.25 EPS. Analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its board has authorized a stock repurchase plan on Thursday, June 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

FICO has been the topic of several research analyst reports. BMO Capital Markets upgraded shares of Fair Isaac to a "strong-buy" rating in a research report on Thursday, July 10th. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Bank of America started coverage on Fair Isaac in a report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 target price for the company. Griffin Securities set a $2,000.00 price target on Fair Isaac in a research note on Wednesday, July 9th. Finally, Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and reduced their price objective for the company from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $2,163.14.

Insider Buying and Selling at Fair Isaac

In other news, Director Marc F. Mcmorris sold 797 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the completion of the transaction, the director directly owned 242 shares in the company, valued at $505,175. This trade represents a 76.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William J. Lansing sold 3,811 shares of Fair Isaac stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total value of $5,967,987.89. Following the completion of the sale, the chief executive officer directly owned 44,338 shares of the company's stock, valued at $69,432,864.62. The trade was a 7.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,829 shares of company stock worth $36,836,320 over the last three months. Insiders own 3.46% of the company's stock.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.